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Cement firms margin under pressure
01 Aug 2018
1 Min Read
Editorial Team
The cement companies should have posted over 18 per cent growth in sales volume for the April-June 2018 quarter. However, they reported a reduced profit as their EBITDA margins are down by nearly 20 per cent during the first quarter. <br />
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This, despite a 1.5 per cent QoQ improvement in average cement price pan-India. A first-quarter preview report from brokerage Emkay Global Financial Services says the 14 companies under its coverage universe are expected to report an 18.3 per cent YoY increase in the sales volume.<br />
The cement companies should have posted over 18 per cent growth in sales volume for the April-June 2018 quarter. However, they reported a reduced profit as their EBITDA margins are down by nearly 20 per cent during the first quarter. <br /> <br /> This, despite a 1.5 per cent QoQ improvement in average cement price pan-India. A first-quarter preview report from brokerage Emkay Global Financial Services says the 14 companies under its coverage universe are expected to report an 18.3 per cent YoY increase in the sales volume.<br />
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